Reddit CEO has 40K shares withheld for taxes
Reddit, Inc. (RDDT) reported insider activity by CEO and President Steve Ladd Huffman, a director and ten percent owner, largely through related trusts.
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Form Type
4
Rhea-AI Filing Summary
Reddit, Inc. (RDDT) reported insider activity by CEO and President Steve Ladd Huffman, a director and ten percent owner, largely through related trusts. On August 20, 2026, a trust named The XYZ Revocable Trust converted 2,954 shares of Class B Common Stock into 2,954 shares of Class A Common Stock on a one-to-one basis. On the same date, 40,336 Class A shares were delivered or withheld by the issuer to satisfy tax withholding obligations at a reference price of $151.71 per share, which the filing states was not a market sale. Following these transactions, The XYZ Revocable Trust indirectly held 3,493,486 Class B shares, and additional Class A holdings were reported indirectly through several grantor retained annuity trusts.
Insider Trade Summary
2,954 shares exercised/converted
Exercise
6 txns
Insider
Huffman Steve Ladd
Role
CEO & President
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Conversion | Class B Common Stock F3 | 2,954 | $0.00 | $0.00 |
| Conversion | Class A Common Stock | 2,954 | $0.00 | $0.00 |
| Tax Withholding | Class A Common Stock F1 | 40,336 | $151.71 | $6.12M |
| holding | Class A Common Stock F2 | -- | -- | -- |
| holding | Class A Common Stock F2 | -- | -- | -- |
| holding | Class A Common Stock F2 | -- | -- | -- |
Holdings After Transaction:
Class B Common Stock — 3,493,486 contracts (Indirect, By The XYZ Revocable Trust);
Class A Common Stock — 336,432 shares (Indirect, By The XYZ Revocable Trust);
Class A Common Stock — 68,966 shares (Indirect, EVS Trust - I);
Class A Common Stock — 6,897 shares (Indirect, JDI Trust - I);
Class A Common Stock — 6,897 shares (Indirect, MLH Trust - I)
Footnotes (3)
- F1. These shares were withheld by the Issuer to satisfy the reporting person's tax withholding obligations. Not a market sale.
- F2. The securities are directly held by a grantor retained annuity trust, of which the Reporting Person is sole trustee and beneficiary.
- F3. The Class B Common Stock is convertible at any time at the option of the holder into the Issuer's Class A Common Stock on a one-to-one basis.
Key Figures
Class B shares converted: 2,954 shares
Class A shares received on conversion: 2,954 shares
Shares delivered or withheld for tax withholding obligations: 40,336 shares
+5 more
8 metrics
Class B shares converted
2,954 shares
Class B Common Stock converted into Class A on August 20, 2026
Class A shares received on conversion
2,954 shares
Class A Common Stock received by The XYZ Revocable Trust
Shares delivered or withheld for tax withholding obligations
40,336 shares
Class A Common Stock used to satisfy tax withholding obligations
Reference price for tax withholding shares
$151.71 per share
Price applied to the 40,336 Class A shares for tax withholding
Class B shares held by The XYZ Revocable Trust after transactions
3,493,486 shares
Indirect Class B holdings following the August 20, 2026 conversion
Class A shares held by EVS Trust - I
68,966 shares
Indirect Class A holdings in EVS Trust - I
Class A shares held by JDI Trust - I
6,897 shares
Indirect Class A holdings in JDI Trust - I
Class A shares held by MLH Trust - I
6,897 shares
Indirect Class A holdings in MLH Trust - I
Key Terms
grantor retained annuity trust, Class B Common Stock, Class A Common Stock, tax withholding obligations, +1 more
5 terms
grantor retained annuity trust financial
"The securities are directly held by a grantor retained annuity trust,"
A grantor retained annuity trust (GRAT) is an estate-planning tool where the person who creates the trust transfers assets into it but receives fixed cash payments (an annuity) from the trust for a set number of years; whatever remains after that term passes to designated beneficiaries. It matters to investors because it can shift future appreciation of assets out of the creator’s taxable estate—like putting an asset into a timed vending machine that pays you fixed amounts while any extra value that grows inside the machine goes to heirs with reduced gift or estate tax consequences.
Class B Common Stock financial
"The Class B Common Stock is convertible at any time at the option"
A class B common stock is one of multiple types of a company’s ordinary shares that carries specific rights—often different voting power or dividend priority—compared with other classes. For investors it matters because those differences affect how much influence you have over company decisions, the income you might receive, and how freely the shares trade; think of it like owning a car with different keys: some keys let you start the engine and open the trunk, others only unlock the door.
Class A Common Stock financial
"into the Issuer's Class A Common Stock on a one-to-one basis."
Class A common stock is a category of a company’s shares that carries a specific set of ownership rights—most commonly defined voting power and claims on dividends—set out in the company’s charter. For investors it matters because the class determines how much influence you have over corporate decisions, the share’s likely dividend and trading behavior, and how it compares in value to other share classes, like choosing a particular seat with different privileges at the company’s decision-making table.
tax withholding obligations financial
"shares were withheld by the Issuer to satisfy the reporting person's tax withholding obligations."
indirect ownership financial
"ownership_type": "indirect","
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transactions did RDDT CEO Steve Huffman report on August 20, 2026?
Steve Huffman reported that The XYZ Revocable Trust converted 2,954 Class B shares into 2,954 Class A shares and that 40,336 Class A shares were delivered or withheld to cover tax withholding obligations, which the filing specifies was not a market sale.
What was the size of the Reddit (RDDT) Class B to Class A conversion in this Form 4?
The XYZ Revocable Trust converted 2,954 shares of Reddit Class B Common Stock into 2,954 shares of Class A Common Stock, consistent with the disclosed one-to-one conversion feature of Class B shares.
What other indirect Reddit (RDDT) Class A holdings are reported for Steve Huffman?
Indirect Class A holdings are reported as 68,966 shares in EVS Trust - I, and 6,897 shares each in JDI Trust - I and MLH Trust - I, all described as grantor retained annuity trusts with Steve Huffman as sole trustee and beneficiary.
Does this Reddit (RDDT) Form 4 indicate a market sale by Steve Huffman?
The filing states that the 40,336 Class A shares associated with code F were withheld by Reddit to satisfy tax withholding obligations and notes they were “Not a market sale.” No code P or S market purchase or sale is reported.
AI-generated analysis. How Rhea-AI works. Not financial advice.
